Lohia Securities Limited to consider merger of subsidiaries

A meeting of the Board of Directors of Lohia Securities Limited has been convened at the Registered Office: 4 Biplabi Trailokya Maharaj Sarani (Brabourne Road), 5th floor, Kolkata 700 001, on Friday, 1st October, 2021 at 4.00 P.M., to consider the proposal for amalgamation of wholly owned subsidiaries viz. Trade City Securities Private Limited, Trade City Commodities Private Limited and Trade City Real Estate Private Limited (Transferor Companies) with the holding company Lohia Securities Limited (Transferee) in terms of the draft Scheme of Amalgamation pursuant to the provisions of Section 230 to 232 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder and subject to approval of the members and creditors and NCLT and other necessary approvals.

Shares of Lohia Securities Limited was last trading in BSE at Rs. 92.75 as compared to the previous close of Rs. 95.55. The total number of shares traded during the day was 60 in over 3 trades.

The stock hit an intraday high of Rs. 99.45 and intraday low of 92.75. The net turnover during the day was Rs. 5945.

Source : Equity Bulls

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